Analysis & Opinion

Nov 27 (Reuters) - State-run insurer People's Insurance
Company of China Group will issue about 30 billion yen ($365
million) of shares in Japan in conjunction with its initial
public offering on Dec. 7 on the Hong Kong Stock Exchange, the
Nikkei reported.

PICC's plans to raise money in Japan come at a time when
business relations between China and Japan have deteriorated
sharply after Japan bought a few uninhabited islands in the East
China Sea that are claimed by both countries.

Daiwa Securities Co Ltd will be the lead
underwriter for PICC's Japanese offering, the Nikkei said.